[MARKET UPDATE] Modest upside in Bunds as the German State CPIs are indicative of a cooler Y/Y print, despite mainland consensus for the HICP Y/Y to remain at 2.7%. Though, it does chime with consensus for CPI itself, seen at 2.4% Y/Y (prev. 2.6%)
BoJ's Sato says the de-escalation of the Middle East conflict is a welcoming move but uncertainty remains on outlook
Decision on reducing Japan's consumption tax on food products has been postponed until July, TBS reports; due to pushback from the opposition parties
[MARKET UPDATE] Modest upside in Bunds as the German State CPIs are indicative of a cooler Y/Y print, despite mainland consensus for the HICP Y/Y to remain at 2.7%. Though, it does chime with consensus for CPI itself, seen at 2.4% Y/Y (prev. 2.6%)
[MARKET ANALYSIS] European equities start the last day of Q2 entirely in the green
German Unemployed Persons (Jun) 2.984M (Prev. 2.987M)
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- Specifically, Bund Sep'26 lifted from 127.56 to 127.69, a new session high and extending on the move seen after the cooler French series.
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